Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (1565)	3/8/1998 10:21:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

Sergio, if you look at CCRs weekly chart it really hasent broken its current uptrend line that started in May 97 except for one nasty dip in October witch was followed by a 25% gain to get back inline. Since early 1995 the over all trend has been upwards (I call this a chuger). If I was buying now I would keep a close eye on it to make sure it doesent violate the line and maybe put a tighter stop on it. Good question as to the refinance vs. new Im going to try and find out. Another concern I guess would be interest rates how long are they going to stay this low. Joe

To: Sergio H who wrote (1565)	3/8/1998 10:51:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

Sergio Im going to get back to the discussion on options back here on the Amigos thread. I will take a look at the options thread here on SI. To do a paper trade and track it will take to much time to develop Im going to scrub that idea for now if you dont mind.And I do believe that you are correct in that I am over complicating this. But if I may one more question please and I will try not to bother you with this topic anymore. Lets assume I have 25 contracts on an April 22.5 call and that I paid 2 1/8 for each contract. On April 15 two days before expiration the price of the stock is 26 1/8 and the price for the April 22.5 call is now 3 5/8. OK now I dont want to convert them into shares I want to sell my 25 contracts for the 3 5/8 each. Can I do this, and how would I do this, and who is buying them? Sorry Sergio Joe